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Dec 22, 2012
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i'm host of new york and new jersey public television's news magazine, metro focus. the big picture nationally on policies about mental health care become a critical problem at the local level. when disasters and shootings like in newtown happen. joining me is dr. craig katz, an associate professor at the mount sinai school of medicine. dr. katz, thanks for joining us. >> thank you. >> dr. katz, what's the role of government and maybe if you want to talk about local government in particular in providing services and resources to help young people with psychological problems? >> well, the government plays a role in several ways, largely in funding. making funding available to people who might not otherwise be able to afford mental health services. government sets standards for what the quality of the mental health services should be and tries to regulate the services to make sure they're up to speed. >> are young people getting the help that they need, young people with psychological problems, do you think getting the help they need in the metropolitan area? >> i thin
i'm host of new york and new jersey public television's news magazine, metro focus. the big picture nationally on policies about mental health care become a critical problem at the local level. when disasters and shootings like in newtown happen. joining me is dr. craig katz, an associate professor at the mount sinai school of medicine. dr. katz, thanks for joining us. >> thank you. >> dr. katz, what's the role of government and maybe if you want to talk about local government in...
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Dec 10, 2012
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in new york. how do you respond to that? >> well, i think the issue that the fcc has got to worry about is not the economics of newspapers but what media means and does for the american people. and if you talk about cost effectiveness, yes, i suppose it is true that if you have one company that owns dozens of television stations and newspapers and radio stations, they could do it more, quote unquote, "cost effectively." what's the logical conclusion of that argument? maybe we should have one entity, maybe rupert murdoch should own all media in america. he can do it very, very cost effectively. is that what we want? the fcc is not dealing with widget production. it is dealing with the issue of how we create a vibrant democracy, where people hear all points of view and can come up with the best decisions that we can as a nation. >> would that be your response to the argument that the other side makes that the fcc is strangling, with slow regulations, america's competitiveness in the world? and that
in new york. how do you respond to that? >> well, i think the issue that the fcc has got to worry about is not the economics of newspapers but what media means and does for the american people. and if you talk about cost effectiveness, yes, i suppose it is true that if you have one company that owns dozens of television stations and newspapers and radio stations, they could do it more, quote unquote, "cost effectively." what's the logical conclusion of that argument? maybe we...
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Dec 31, 2012
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york and new jersey in '74. that was far more honest to the experience than anything i could have written realistically. >> at the age of six, you came? >> yeah, yeah. yeah, and for a young mind, i mean, it's an extraordinary leap. it's an extraordinary leap. and i think science fiction, i think fantasy, i think the genres do a wonderful job of describing all parts of, many parts of our society that realism doesn't do a great job of describing. >> didn't you say somewhere that "star wars," the "star wars" stories, you couldn't have a better framework for dramatic analysis or storytelling than "star wars"? ♪ >> i love to teach those as structures. they're, like, great, great structures for sort of teaching my students how drama can work, especially how drama can work in a film. >> how so? >> well, i mean, first, you think about the three movies. again, the first, the original three movies. and when we think about the way that they're organized together. and, you know, there's always in any movie or in every boo
york and new jersey in '74. that was far more honest to the experience than anything i could have written realistically. >> at the age of six, you came? >> yeah, yeah. yeah, and for a young mind, i mean, it's an extraordinary leap. it's an extraordinary leap. and i think science fiction, i think fantasy, i think the genres do a wonderful job of describing all parts of, many parts of our society that realism doesn't do a great job of describing. >> didn't you say somewhere that...
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Dec 11, 2012
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erika miller, nbr, new york. >> tom: more americans bit into a meal from mcdonald's last month. sales of burgers, fries, and shakes in november were much stronger than expected. it's been a difficult year for the restaurant chain, but as diane eastabrook reports, 2013 is looking better. >> reporter: mcdonald's credits its limited offer cheddar bacon onion burger, beverages, and dollar menu for luring more customers back to stores last month. same-store sales were up 2.4% in november, after falling just shy of 2% in october. that was the first sales decline in a decade. while november was an improvement, the sales gain was a fraction of what mcdonald's did during the same month a year ago. mcdonald's has been facing stiffer competition lately from other fast food chains, and with unemployment still high, some cash-strapped consumers have cut back on fast food. david henkes from the restaurant consulting firm technomic says mcdonald's is just in a funk. he thinks the chain can ring up better sales in the coming months with more specialty items and better marketing. >> so many peop
erika miller, nbr, new york. >> tom: more americans bit into a meal from mcdonald's last month. sales of burgers, fries, and shakes in november were much stronger than expected. it's been a difficult year for the restaurant chain, but as diane eastabrook reports, 2013 is looking better. >> reporter: mcdonald's credits its limited offer cheddar bacon onion burger, beverages, and dollar menu for luring more customers back to stores last month. same-store sales were up 2.4% in...
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Dec 18, 2012
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they got their start five years ago in new york state and now has revenues of nearly $1 billion. the founder and c.e.o. joins us now, hamdi ulukaya, thanks for joining us. >> thank you for having me. >> susie: so this is a real vote of confidence, especially in these tough economic times. why are you doing this big expansion right now? >> well, we trust in our business, we trust in our brand. thio gurt has a very exciting time in america right now, since we started five years ago. but also overall in the economy, if you look at t you know, we never lost confidence in america. we have some bumpy roads but we think that all things are going to go in a different direction in the next two years and we see it in our own business. >> susie: your business has been growing tremendously fast but there are a lot of other players that are getting into the greekio gurt area from general mills to dannon. what kind of pressure is this going to put on you competitively? >> look,io gurt has been around for long long time. not only in this country but in the world. but unfortunately, you know, we
they got their start five years ago in new york state and now has revenues of nearly $1 billion. the founder and c.e.o. joins us now, hamdi ulukaya, thanks for joining us. >> thank you for having me. >> susie: so this is a real vote of confidence, especially in these tough economic times. why are you doing this big expansion right now? >> well, we trust in our business, we trust in our brand. thio gurt has a very exciting time in america right now, since we started five years...
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Dec 8, 2012
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and this came out of new york. first of all explain how the defense of marriage act worked and how did this one case involving an 83-year-old woman in edie wind sore-- windsor raise the issue. >> well, the challenge here is to a provision in the defense of marriage act, section 3. and that defines for all federal purposes marriage is between one man and one womanment and by doing that it affects more than a thousand federal laws, everything from tax laws to social security and health and welfare benefits. the defense of marriage act was challenged by edie windsor from new york. she had a partner for over 40 years. they were married in 2007 in canada, a new york recognized their marriage when miss windsor's partner, her spouse died. her spouse left her entire estate to edie windsor. because of the defense of marriage act edie windsor was left with almost a 400,000 dollar federal estate tax that someone who was the spouse of an opposite sex coup weill not have had to pay. so their defense of marriage act can being ch
and this came out of new york. first of all explain how the defense of marriage act worked and how did this one case involving an 83-year-old woman in edie wind sore-- windsor raise the issue. >> well, the challenge here is to a provision in the defense of marriage act, section 3. and that defines for all federal purposes marriage is between one man and one womanment and by doing that it affects more than a thousand federal laws, everything from tax laws to social security and health and...
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Dec 29, 2012
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ruben ramirez, "n.b.r.," new york. >> susie: as 2012 winds down, the end of the year is often a time when we reflect. tonight, "lou's been thinking" about old friends and the best gift ever. here's author and educator lou heckler. >> in the past few weeks, i have lost three friends. i know it's part of getting older, and it still gets you thinking: how will we be measured? poet philip james bailey writes: we live in deeds, not years, in thoughts, not breaths, in feelings, not figures on a dial. there are many deeds to recount in business: profit and loss estimates, new product introductions, new markets entered and conquered. all are notable deeds in their own way. for my part, i could think of degrees earned, positions held, places traveled, ideas shared. somehow they pale compared to the older woman who approached me after a speech i gave at a senior citizens group in florida. i had talked about the healing power of humor and she waited tentatively to speak to me when the speech was over. thank you so much, she said, taking my hands in hers. i told her i should be thanking her, thi
ruben ramirez, "n.b.r.," new york. >> susie: as 2012 winds down, the end of the year is often a time when we reflect. tonight, "lou's been thinking" about old friends and the best gift ever. here's author and educator lou heckler. >> in the past few weeks, i have lost three friends. i know it's part of getting older, and it still gets you thinking: how will we be measured? poet philip james bailey writes: we live in deeds, not years, in thoughts, not breaths, in...
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Dec 15, 2012
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and chuck schumer, senator from new york has raised it. but it's going to require obviously a larger coalition than that. >> woodruff: a couple of other things that have happened this week. i want to ask the two of you about. david this really pushed out of the news the story that everybody was talking about last night, that susan rice withdrawing her name to be secretary of state. what finally moved her to take her name out do you think and what does it is a? >> well, i don't really believe it was without white house acknowledgment. if she had a sense the white house was going to fight for her. she would be happy to fight. she had a piece laying out the case for her. i think it is a pretty decent case. i hate it when these things happen when there is no egregious scene committed and there certainly was none in this case. and so i wish frankly she, somebody would have fought a little harder for her. i think-- . >> woodruff: you are saying the white house didn't fight. >> well, the president made a very strong case early on. and then she we
and chuck schumer, senator from new york has raised it. but it's going to require obviously a larger coalition than that. >> woodruff: a couple of other things that have happened this week. i want to ask the two of you about. david this really pushed out of the news the story that everybody was talking about last night, that susan rice withdrawing her name to be secretary of state. what finally moved her to take her name out do you think and what does it is a? >> well, i don't...
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Dec 21, 2012
12/12
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there are a lot of talented people at the new york stock exchange. i know there are a lot of very talented people at ice. and the two sort of fit together very nicely. ice's expertise are in the futures funds and in the clearinghouses. the nyse expertise are, of course, in the listings and in the life, which was mentioned by your reporter there, in europe. and so i think you're going to see these two companies combine with ice taking over the nyse. you're going to see a much stronger company, a company that is going to do very well. and i think the stockholders are going do very well because of that. >> susie: we're go stock watching that story right here in our backyard. we will be watching it closely. thank you so much, real pleasure talking with you. senator judd gregg, former republican senator from new hampshire. >> i'm >> reporter: i'm ruben ramirez. still ahead, we'll take a look at how mobile payment technology may soon replace having to carry a plastic credit card. >> tom: we got another look at the economy between july and september, and it
there are a lot of talented people at the new york stock exchange. i know there are a lot of very talented people at ice. and the two sort of fit together very nicely. ice's expertise are in the futures funds and in the clearinghouses. the nyse expertise are, of course, in the listings and in the life, which was mentioned by your reporter there, in europe. and so i think you're going to see these two companies combine with ice taking over the nyse. you're going to see a much stronger company, a...
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Dec 13, 2012
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new york state has been at the forefront of holding non-profits accountable. the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammers tend to take advantage of people in emotional situations, when they're very concerned about things like disaster relief, and will respond to an ad or an email without really taking the extra step of checking. >> reporter: schneiderman hopes other states follow suit and ask non-profits to disclose information about the reputability of their organization. more than two billion people around the world are expected to tune in to tonight's concert, raising more than $60 million. ruben ramirez, "n.b.r.," new york. >> tom: that's "nightly business report" for wednesday, december 12. have a great evening, everyone. and you, too, susie. >> susie: tom, we're coming to the close of 12-12-12. and i hope it's been a good day for you. thanks for watching, everyone. join us online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by med
new york state has been at the forefront of holding non-profits accountable. the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammers tend to take advantage of people in emotional situations, when they're very concerned about things like disaster relief, and will respond to an ad or an email without really taking the extra step of checking. >> reporter: schneiderman hopes other states follow suit and ask...
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Dec 22, 2012
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. >>> funding is provided by carnegie corporation of new york, celebrating 100 years of philanthropy and committed to doing real and permanent good in the world. the coalberg foundation, independent production fund with support from the partridge foundation. the clements foundation, park foundation, dedicated to heightening public awareness of critical issues. the herb alfred foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audrey rappaport foundation. and the betsey fink foundation. barbara g. fleischmann and by our sole corporate sponsor, mutual of america, designing group, individual, and retirement products. that's why we're your retirement company. >>> welcome. the bells rang for the lost. charlotte bacon, olivia engle, anna marquez green, catherine hubbard, emilie parker, jack pinto, noah posner, jessica ricos, benjamin wheeler, and allison wyatt. all were 6 years old. daniel barden and grace mcdonald were 7. six adults died with them. mary sherlock, dawn hochsprung, victoria soto. it helps to say their n
. >>> funding is provided by carnegie corporation of new york, celebrating 100 years of philanthropy and committed to doing real and permanent good in the world. the coalberg foundation, independent production fund with support from the partridge foundation. the clements foundation, park foundation, dedicated to heightening public awareness of critical issues. the herb alfred foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the...
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Dec 15, 2012
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.," new york. >> well, if you driving to the mall, you are paying a lot less for gas, pump prices are plunging dropping seven and a half percent in november. the national average for gasoline is now $3.30 a gallon. >> and that is the main reason consumer prices were down last month. the index of consumer prices which includes everything from the cost of milk to the price of a haircut fell three-tenths of a percent, that is the largest drop since may. >> but here on wall street investors ignored that up beat news and were fixated on the stalled talks in washington about the fiscal cliff. >> the dow lost 36 points, the nasdaq down 21, the s and b 500 fell, s&p fell also. >> looking at the outlook for gas and oil prices, we turn to an oil analyst, founding partner at again capital. >> you know, john, i was thinking looking over these numbers a few weeks ago here in the northeast we were paying close to $5 a gallon for gasoline, of course it was because of hurricane sandy and standing in line, gas lines, and now this. i know it is a special situation, but what is going on here? >> well, t
.," new york. >> well, if you driving to the mall, you are paying a lot less for gas, pump prices are plunging dropping seven and a half percent in november. the national average for gasoline is now $3.30 a gallon. >> and that is the main reason consumer prices were down last month. the index of consumer prices which includes everything from the cost of milk to the price of a haircut fell three-tenths of a percent, that is the largest drop since may. >> but here on wall...
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Dec 11, 2012
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reporter: the area around brooklyn's canal could be new york city's answer to amsterdam. at least that's what some real estate developers are betting. the canal's neighbor to the north, newtown creek, can offer up its own beautiful vistas, but both waterways are also surrounded by heavy industry as they've been for more than a hundred years. so they're among the most polluted in the country. so bad that the environmental protection agency has designated both as super fund clean-up sites. >> there are persistent con tam napts there like p.c.b.s, like heavy metals, that have been there probably for a good part of the last century. >> reporter: thomas burke teaches about the environment and public health at johns hopkins university. >> there are also combustion by-product -- that sounds like a fancy term -- but that's from the old plants there, coal tar plants and plants like that so there's heavy petroleum molecules too. >> reporter: some of those chemicals in the water have been shown to cause cancer in animals. others can damage the central nervous system. both the creek
reporter: the area around brooklyn's canal could be new york city's answer to amsterdam. at least that's what some real estate developers are betting. the canal's neighbor to the north, newtown creek, can offer up its own beautiful vistas, but both waterways are also surrounded by heavy industry as they've been for more than a hundred years. so they're among the most polluted in the country. so bad that the environmental protection agency has designated both as super fund clean-up sites....
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Dec 25, 2012
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a gunman set a fire in western new york state, then ambushed firefighters, killing two. it was one of several attacks nationwide, with memories of the newtown school massacre still fresh. and in bethlehem, the church of the nativity marked the arrival of christmas day with midnight mass. and the pope presided over late night services for hundreds of the faithful, in st. peter's basilica at the vatican. actor jack klugman was died in california. online, we ask "what did the world look like in 2012?" kwame holman is here to tell us. >> holman: rewind the year in photos and revisit some of the most memorable and tumultuous moments around the globe. find that slideshow on our world page. plus larry kotlikoff continues to answer questions about social security, including what happens to the benefits of those who die without a survivor. find "ask larry" on the business desk. all that and more is on our web site, newshour.pbs.org. >> brown: and that's the newshour for tonight. on tuesday, christmas day, we'll look ahead to 2013, a pivotal year for implementing the new health ca
a gunman set a fire in western new york state, then ambushed firefighters, killing two. it was one of several attacks nationwide, with memories of the newtown school massacre still fresh. and in bethlehem, the church of the nativity marked the arrival of christmas day with midnight mass. and the pope presided over late night services for hundreds of the faithful, in st. peter's basilica at the vatican. actor jack klugman was died in california. online, we ask "what did the world look like...
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Dec 8, 2012
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dispatched to new jersey, new york, and connecticut. for the barrier island off the coast of new jersey, it was north of the eye of the storm but think of it like a windmill spinning counter-clockwise. >> seaside was hit with a 37- foot wall wave so that a pretty big wall that was coming in so that a lot of power. that's crashing in here and all that force. it's brining sand. it's bringing all that water in. >> reporter: it wasn't until nearly a month later that insurance adjuster's were allowed on the island to asses the damage. >> the "l" shape everything is going down from the weight of the sand that was pushing it and the water that was pushing it out. it pushed his neighbor's shed completely into the side of his house. he had 5 1/2 feet of water inside his house so everything on the first floor needs to be completely gutted. >> reporter: john marchetti's house sits just two doors closer to the beach. >> i do have homeowners insurance and flood. homeowners doesn't cover very much. everything from the sky is homeowners and everything
dispatched to new jersey, new york, and connecticut. for the barrier island off the coast of new jersey, it was north of the eye of the storm but think of it like a windmill spinning counter-clockwise. >> seaside was hit with a 37- foot wall wave so that a pretty big wall that was coming in so that a lot of power. that's crashing in here and all that force. it's brining sand. it's bringing all that water in. >> reporter: it wasn't until nearly a month later that insurance adjuster's...
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Dec 27, 2012
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and hugh johnson, who runs an investment and advisory firm in albany, new york. you all represent different constituencies. i want to start with you, jackie. -- sorry, i want to start with you, stacy, and talk about philanthropy. this is the end of the year when people are making their decisions about whether they're going to get tax breaks or who they're going to give to. are people looking at the fiscal cliff and saying "i don't know"? >> absolutely. people are uncertain as to whether there's going to be a charitable deduction next year, things like the estate tax will change. so it's a rocky time. so some people are giving more and deciding "i'm going to get the tax break now and do it while it's a good thing for sure" and some people are putting off the decision deciding they isle give more later. so we're seeing a mixed bag but it's a tough time because this is the time of year when most people are doing a lot of charitable giving. >> ifill: let me get your name right this time, jackie, and ask you about federal employees. they are affected by this. there ar
and hugh johnson, who runs an investment and advisory firm in albany, new york. you all represent different constituencies. i want to start with you, jackie. -- sorry, i want to start with you, stacy, and talk about philanthropy. this is the end of the year when people are making their decisions about whether they're going to get tax breaks or who they're going to give to. are people looking at the fiscal cliff and saying "i don't know"? >> absolutely. people are uncertain as to...
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Dec 20, 2012
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our urban products in the metro new york area have met with great success. and we're pleased to be between washington and boston with approximately 50% of our business because that market continues to be reasonably strog. >> tom: that isg. hot area. >> out on the west coast -- the job markets -- i think texas seems to have its own economy. the job market in texas is pretty strong. i think cifornia has been reasonably strong for us as well. particularly up in the silicon valley area. i think the success of a number of the companies upn there is driving the market. and seattle is another pretty wels well-positioned employment base and we've seen good sales up there. >> tom: from the east cost to the west coast with toll brothers chief financial officer martin connor with us. >> susie: investors are trading on headlines, and the head is all about fiscal cliff. yesterday the dow was up 100 points. today own 100 points all because the headlines weren't looking at0 favorable. >> tom: just very sensitive to any of the rhtoric coming out of washington for the stock
our urban products in the metro new york area have met with great success. and we're pleased to be between washington and boston with approximately 50% of our business because that market continues to be reasonably strog. >> tom: that isg. hot area. >> out on the west coast -- the job markets -- i think texas seems to have its own economy. the job market in texas is pretty strong. i think cifornia has been reasonably strong for us as well. particularly up in the silicon valley area....
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Dec 6, 2012
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suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again. but a big drop in apple shares kept the nasdaq from gains. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. that number blows away the initial estimate of 1.9%. erika miller takes a closer look at how technology is helping to boost safety and productivity. >> reporter: three years ago, this long island hospital had a problem: healthcare workers weren't cleaning their hands as often as required. >> 100,000 people die each year in the united states from hospital acquired infections. that's more than the number of people who die from breast cancer and from auto accidents. it's a huge problem, one that we want to make a dent in. >> reporter: lowering t
suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again. but a big drop in apple shares kept the nasdaq from gains. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its...
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Dec 7, 2012
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suzanne pratt, nbr, new york. >> susie: when it comes to new claims for jobless benefits, the effects of super storm sandy appear to be passing. new claims fell by 25,000 in the week ending december 1 to a lower than expected 370,000 requests. that's raising hopes about november's jobs data, which is due out tomorrow. grey, and christmas says u.s. employment firm challenger, grey, and christmas says u.s. companies announced 57,000 job cuts last month. separately, the number of planned job cuts rose 20% in november from october's levels. on wall street, the dow rose 39 points, but the nasdaq added 15, the s&p up nearly five. >> reporter: i'm erika miller in new york. coming up tonight, we'll talk to the c.e.o. of kitchen store sur la table and get his outlook for holiday sales. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washingt
suzanne pratt, nbr, new york. >> susie: when it comes to new claims for jobless benefits, the effects of super storm sandy appear to be passing. new claims fell by 25,000 in the week ending december 1 to a lower than expected 370,000 requests. that's raising hopes about november's jobs data, which is due out tomorrow. grey, and christmas says u.s. employment firm challenger, grey, and christmas says u.s. companies announced 57,000 job cuts last month. separately, the number of planned job...
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Dec 27, 2012
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. >> school of business at dartmouth with us tonight in new york. sydney, nice to see you and welcome. you have four of the worst c.e.o.'s of the year, beginning with number 4, mark pincus, manager of zynga that relies on facebook for its success. what brought mark to your list. >> facebook and zynga announced they would go their separate ways and no longer be tied in and you can guess who that will affect more, facebook or zynga. one executive manager after another has left and that is always something i have seen as one of the reason warnings signs of something going wrong. along the way acquisition was made for $180 millujjy didn't take them more than half a year to write down 50% of the value of that acquisition. so it really look like a company that is floundering and mark pincus along the way ended out cashing out as quickly as possible raising eye browse in the possible. >> to the makeup industry and fashion. andrea young, the former c.e.o. of avon, still the chairman. this company rejected a buy outr offer earlier in the year when the share
. >> school of business at dartmouth with us tonight in new york. sydney, nice to see you and welcome. you have four of the worst c.e.o.'s of the year, beginning with number 4, mark pincus, manager of zynga that relies on facebook for its success. what brought mark to your list. >> facebook and zynga announced they would go their separate ways and no longer be tied in and you can guess who that will affect more, facebook or zynga. one executive manager after another has left and...
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Dec 28, 2012
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.," new york. >> susie: using your phone for shopping, is just one of the ways you will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many the mobile phone will become a bigger part of their lives in the coming year. trendwatchers call it the mobile fingerprint or a smartphone as unique as your fingerprint. no need to type in passwords, your phone tells your computer its you, and then locks the screen when you step away. on the health front there's technology to let a smartphone help diabetics measure their glucose levels. and with retailers, going mobile means more than processing payments. >> we do something very specific which is not just focus on the mechanics of payments but the experience around it. everything from the point of sale all the wa
.," new york. >> susie: using your phone for shopping, is just one of the ways you will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many...
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erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our ta
erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus...
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: syndicated columnist mark shields and "new york times" columnist david brooks. >> brown: developing fiscal cliff, walking short time ago the president came out of the meeting with congressional leaders and said he was modestly optimistic. are you? >> no, no i think everyone is trying to look busy so when we go over he can say we tried. he came back from hawaii, he had to do something. so they had a meeting. if you don't have new offers you don't have progress. you did have a frank exchange but they in in the business of macking a deal there is no real evidence that they moved. so i remain that we will probely go oferm then once that happens then all sort of things start a lining. speaker boehner gets reelect as speaker t is easier to pass a tax cut than do it beforehand. everyone goes crazy outside so there is more pressure. so i still think it's much more likely that not much has happened. >> what do you think? looking busy, that's all that is happening right now? >> i think that it was a chance, on january 3rd, he has the votes from the republican congress, land there is no reason
: syndicated columnist mark shields and "new york times" columnist david brooks. >> brown: developing fiscal cliff, walking short time ago the president came out of the meeting with congressional leaders and said he was modestly optimistic. are you? >> no, no i think everyone is trying to look busy so when we go over he can say we tried. he came back from hawaii, he had to do something. so they had a meeting. if you don't have new offers you don't have progress. you did...
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ruben ramirez, nbr, new york. >> susie: how much do you expect to spend in retirement? for tips on calculating how to set aside and what to do with your money if you're already retired, visit us at nbr.com. just look for the "nbr-u" tab. >> tom: swiss bank u.b.s. could be the next bank to pay a fine over allegations of rigging the libor rate. that's the interest rate used to set borrowing costs for everything from mortgages to credit cards. u.b.s. faces a $1 billion penalty for its role in the manipulation scandal. in june, u.k. regulators slapped britain's barclays bank with a $450 million fine for similar charges. >> susie: u.s. regulators may be near an end to an anti-trust investigation of google's internet search results. at issue is whether google manipulates results of its internet search engine to hurt competitors. it was accused of unfairly promoting its shopping and travel services over those of others. google denies it used its dominance in the search business to hurt rivals. the federal trade commission is expected to wrap up the probe by the end of the year
ruben ramirez, nbr, new york. >> susie: how much do you expect to spend in retirement? for tips on calculating how to set aside and what to do with your money if you're already retired, visit us at nbr.com. just look for the "nbr-u" tab. >> tom: swiss bank u.b.s. could be the next bank to pay a fine over allegations of rigging the libor rate. that's the interest rate used to set borrowing costs for everything from mortgages to credit cards. u.b.s. faces a $1 billion...
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and democratic comgre cman eliot mggel of new york, who will become that committee's ranking member in the next term. congressman royce, let me start with you. what's the key thing we learned from this report? where do you see the main failure? >> well, i think the ma ailure when you read the report is in management at senior lels because when you hadau on the ground was not only an ambassador but other personnel warning that al qaeda camps were growing, explaining that they felt that they were at risk personally, asking for support-- which was not forth come ago and coming to the conclusion that washington was not concerned about their security needs. so all of that comes out in the memos. and i think what has to be addressed is why not only was thereparation not there, but somebody forgot to circle ther calendar on 9/11. there was no attempt or no effective way, i guess, desploid should this happen that we could come in with a quick-reaction team and assist them if they come under attack. eight-hour firefight, no assistance through thatperiod. >> eliot engel, do you reod i any differ
and democratic comgre cman eliot mggel of new york, who will become that committee's ranking member in the next term. congressman royce, let me start with you. what's the key thing we learned from this report? where do you see the main failure? >> well, i think the ma ailure when you read the report is in management at senior lels because when you hadau on the ground was not only an ambassador but other personnel warning that al qaeda camps were growing, explaining that they felt that...
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.," new york. >> susie: another nick to toyota's reputation. the automaker is paying a record fine, more than $17 million, for failing to promptly report safety defects related to a lexus recall. this is the second time since 2010 that toyota has paid fines for not properly reporting vehicle defects to u.s. regulators. toyota once had the best reputation for quality and safety, but in the last three years it has announced numerous recalls for separate investigations into sticky pedals, poorly designed floor mats and steering rod problems. >> susie: big changes coming to pfizer. the giant drug maker plans to cut about 20% of its u.s. sales force, or 600 jobs. according to a report from bloomberg, the cuts begin this month and are said to be part of c.e.o. ian read's strategy to reposition pfizer after losing patent protection on its top selling drug, lipitor. at its peak, that cholesterol drug generated revenues of nearly $10 billion a year for pfizer. while lipitor's loss was tough for pfizer, it was a boon for generic drug makers. but in the c
.," new york. >> susie: another nick to toyota's reputation. the automaker is paying a record fine, more than $17 million, for failing to promptly report safety defects related to a lexus recall. this is the second time since 2010 that toyota has paid fines for not properly reporting vehicle defects to u.s. regulators. toyota once had the best reputation for quality and safety, but in the last three years it has announced numerous recalls for separate investigations into sticky...
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. >> more people; more money; more style in new york. >> mike: the language of the custom hat business. >> mike: most silicon valley startups have one common goal: to be the next breakout company. next, three brothers who are on that path. millions already know their product and their growth is nothing to c/tom at. >> so this is the pitch. >> mike: meet the brothers smith, nate, ben, and tom. and if the smith brothers has a certain ring to it, well, it's because they are related to those other ones of ahem cough drop and elixir fame. but what these smith brothers are known for are video games. cordy, cordy sky and sleepy jack, three of the most popular game apps in the digital universe. millions, multimillions of downloads across all platforms. >> mobile phones, tablets, p.c., television, set top boxes and trying to have kind of fluid experiences across all those different types of streams. >> mike: the ability to go from here to there -- >> yup. >> mike: to there -- >> to the t.v. >> mike: is a huge deal. >> yes. yeah. and that's the thing i think we're ahead of the curve there in ter
. >> more people; more money; more style in new york. >> mike: the language of the custom hat business. >> mike: most silicon valley startups have one common goal: to be the next breakout company. next, three brothers who are on that path. millions already know their product and their growth is nothing to c/tom at. >> so this is the pitch. >> mike: meet the brothers smith, nate, ben, and tom. and if the smith brothers has a certain ring to it, well, it's because...
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at a news conference in new york city, u.s. attorney loretta lynch described some of the practices at one of the bank's mexican units. the investigation revealed that staggering amounts of cash, hundreds of thousands of u.s. dollars daily, were being deposited into h.s.b.c. mexico using boxes especially made to fit through their tellers' windows to speed the transactions. indeed it was reported to one h.s.b.c. official that h.s.b.c. mexico had received the ringing endorsement of money launderers as the place to launder money. >> woodruff: devlin barrett is covering this story for the "wall street journal," and has more details for us now. so, thank you for joining us. how much money was involved and what are some other examples of what was going on beside this box that fit through the tellers' window. >> the $800 million you mentioned is what they know was essentially laundered drug proceeds but there's also actually vast pools of billion of dollars of money where the bank wasn't paying attention and wasn't checking the basic p
at a news conference in new york city, u.s. attorney loretta lynch described some of the practices at one of the bank's mexican units. the investigation revealed that staggering amounts of cash, hundreds of thousands of u.s. dollars daily, were being deposited into h.s.b.c. mexico using boxes especially made to fit through their tellers' windows to speed the transactions. indeed it was reported to one h.s.b.c. official that h.s.b.c. mexico had received the ringing endorsement of money...
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. >> funding is provided by: carnegie corporation of new york, celebrating 100 years of philanthropy, and committed to doing real and permanent good in the world. the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. the clements foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audre rapoport foundation. the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. more information at macfound.org. anne gumowitz. the betsy and jesse fink foundation. the hkh foundation. barbara g. fleischman. and by our sole corporate sponsor, mutual of america, designing customized individual and group retirement products. that's why we're your retirement company. >> welcome. lately i've had phaedra on my mind. not the greek myth of the tragic daughter of that name, but the retelling of the
. >> funding is provided by: carnegie corporation of new york, celebrating 100 years of philanthropy, and committed to doing real and permanent good in the world. the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. the clements foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation, supporting organizations whose mission is to promote...
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but first, with the other news of the day, here's kwame holman. >> holman: police in webster, new york, found human remains today in the burned-out home where a gunman ambushed firefighters on christmas eve. the victim appeared to be william spengler's sister. he left a note saying he wanted to burn down the neighborhood and kill people. spengler set fire to his house, then shot four firefighters-- killing two-- before killing himself. he had a revolver, a shotgun, and a bushmaster rifle, the same model used in the newtown school shooting. >> i can't tell you at this time what the victims were shot with. we assume it was the rifle because of the distance. it's going to go to the medical examiner. they'll have the autopsies done. >> holman: two firefighters remained hospitalized today in stable condition. the fire spengler set ultimately burned seven homes. the election commission in egypt confirmed today the new constitution won nearly 64% of the vote in a referendum. the panel also reported turnout was just a third of the country's 52 million registered voters. president mohammed mors
but first, with the other news of the day, here's kwame holman. >> holman: police in webster, new york, found human remains today in the burned-out home where a gunman ambushed firefighters on christmas eve. the victim appeared to be william spengler's sister. he left a note saying he wanted to burn down the neighborhood and kill people. spengler set fire to his house, then shot four firefighters-- killing two-- before killing himself. he had a revolver, a shotgun, and a bushmaster rifle,...